You are here
Ronan Manly: Kremlin confirms intention to back the ruble with gold and commodities
By Ronan Manly
Bullion Star, Singapore
Thursday, April 28, 2022
On Tuesday, April 26, in an interview with newspaper Rossiyskaya Gazeta, the secretary of the Russian Federation’s Security Council, Nikolai Patrushev, said that Russian experts are working on a project to back the Russian ruble with gold and other commodities.
The interview, which is in Russian, can be seen on the newspaper's website here:
For those who don’t know the name Nikolai Patrushev, he is one of the Russia's most powerful security and intelligence officers and a close ally of President Vladimir Putin. After serving between 1999 and 2008 as director of the Russian Federal Security Service (the successor to the KGB), Patrushev became secretary of the Russian Security Council. In fact, Patrushev took over as sirector of the FSB in 1999 from Putin.
... Dispatch continues below ...
... ADVERTISEMENT ...
Come to the 2022 Planet Microcap Showcase
Tuesday-Thursday, May 3–5, at Bally’s Las Vegas Hotel and Casino
Precious Metals Summit's Jessica Leventhal invites you to meet the most promising companies and the top dealmakers in microCap finance for three days of company presentations, one-on-one meetings, and educational panels in the premier in-person event in microcap finance.
Speakers include insightful junior resource investors and speakers like Tavi Costa (portfolio manager for Crescat Capital), David Erfle (writer and analyst for Junior Miner Junky), Bill Powers (host of the Mining Stock Education podcast), and Gwen Preston (editor of Resource Maven).
Dozens of junior resource companies will be participating.
For more information, please visit:
The Security Council of the Russian Federation is chaired by Putin, with Patrushev as secretary, overseeing the Security Council and answering directly to Putin. The deputy chairman of the Security Council is Dmitry Medvedev, the former Russian president and prime minister. Among the other members of the Security Council are the current Russian prime minister, Mikhail Mishustin, and Russian foreign minister Sergei Lavrov.
So when Nikolai Patrushev says that Russia is working on a plan to back the ruble with gold and commodities, it is not just anyone saying this. It is being said at the highest echelons of the Russian government. ...
... For the remainder of the report:
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
Buyers can compose their case by choosing as many as four varietals from the list here:
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: firstname.lastname@example.org
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at email@example.com.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: